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account payable in T account? Required information [ The following information applies to the questions displayed below. ] The accounts and balances for Paw Prints
account payable in T account?
Required information
[The following information applies to the questions displayed below.]
The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.
Cash | 19,750 | Fees Income | -0- | ||
Accounts Receivable | 870 | Rent Expense | -0- | ||
Office Equipment | 2,700 | Utilities Expense | -0- | ||
Supplies | 270 | Salaries Expense | -0- | ||
Accounts Payable | 1,700 | ||||
Kelly Connor, Capital | 21,890 | ||||
Kelly Connor, Drawing | -0- | ||||
The following transactions occurred during the month of November.
- Collected $370 from credit customers.
- Issued a check for $700 for November's rent.
- Paid $1,790 for salaries.
- The owner withdrew $580 in cash for personal expenses.
- Issued a check for $220 to pay the monthly utility bill.
- Received $2,735 in cash for services performed.
- Purchased office equipment for $1,370 on credit.
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